A Chartered Institute of Bankers Ghana survey finds microfinance banks charge 31 to 40 per cent, against 10 to 15 per cent at universal banks. The findings were presented from its September pre-Monetary Policy Committee sentiment survey.
LemFi, a fintech serving over two million customers, is extending beyond international transfers into savings, credit and eSIM products. The move targets migrants' financing gaps.
President Daniel Chapo has promulgated the new National Payment System Law after checking its constitutionality. The law aims to strengthen the national payment system and is published alongside a revised accountants' and auditors' statute.
Mukuru plans to double its customer base across Southern Africa within three to five years as it moves into everyday digital payments, savings and credit. Paymentology is expanding its partnership with Mukuru to support the move beyond remittances.
A Central Bank of Kenya survey found the share of farmers borrowing for agricultural activities rose between July and September 2026. More farmers are now using Saccos and commercial banks rather than family networks for credit.
Nigerian buy-now-pay-later startup Klump has shut down after five years, announced by co-founders Celestine Omin and Olufunbi Falayi in a farewell note on 25 October. The company had raised about $1.2 million and said it had declined an acquisition offer received earlier this year, citing difficulty securing lending capital and slow bank integrations.
GCB Bank has partnered with UnionPay International to introduce Ghana's first renminbi debit and prepaid cards. Customers can pay in the Chinese currency without intermediate conversion.
The Bank of Zambia's Financial and Other Statistics report for 2025 shows commercial banks lent about $4.3 billion (K87.8bn) across economic sectors, with manufacturing taking the largest share. The same report puts total 2025 transactions at about $190 billion (K3.9trn).
Ethiopia's interest-free bank lifted total assets 76% to about $180 million (Br29bn) in fiscal 2025/26. Customer financing rose to 15.9 billion birr as profit climbed.
An Ecofin analysis reports that Ugandan banks' exposure to government debt reached 65% of their private sector lending in 2024. Government securities made up 30.4% of banking-sector assets in March 2025, up from 21% in 2019.
OPay is seeking to raise up to $370 million through an initial public offering of American Depositary Shares in New York. The offer could value the digital payments firm at $4.4 billion.
Cabinet approved the sale of 30% to 45% of Banque du Caire on the Egyptian Exchange, and the regulator approved a larger offering share. The bank priced its IPO at the top of the range at E£5.3 a share after institutional orders of EGP 205.8bn in the private tranche.
The African Development Bank raised $2.5 billion through a three-year benchmark bond priced on 21 October, with a 4.875% coupon and orders of $4.8 billion. Settlement is scheduled for 2 November 2026.
Planning Minister Ahmed Rostom said debts and financial entanglements of about $7.2 billion (E£402bn) between the National Investment Bank and government bodies have been settled since February 2026. The settlement resolves more than 95% of the bank's non-performing assets as part of a restructuring ahead of its conversion into a new institution.
Afreximbank's net income rose 24% to $810 million in the nine months to September 2026, while net loans and advances grew 8% to $36 billion. Shareholders' funds reached $9 billion, supported by retained profits and $200 million of new equity.
Central Bank data show the average maximum lending rate rose to 32.62 percent even after the MPC cut the monetary policy rate to 23 per cent. Loan pricing moved against the policy direction, which matters for borrowers and lenders.
